Palm Coast FHA Loans

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Palm Coast Florida FHA home loans allow borrowers to get an easy loan for your property. The United States federal government insures these home loans through the FHA Department to ensure homeowners to get home loans on relaxed conditions and to provide security to the lender. If an individual does not make his payments, the mortgage insurance covers the loss of the mortgage bankers.

Advantages of Palm Coast FHA Mortgage Loans

With a low down payment of only 3.5% and its great terms of borrowing, Palm Coast FHA home loans are one of the best options for FTHB in today’s market. Even individuals with bad credit scores can easily choose a Palm Coast FHA loan.

Negatives Features of a Palm Coast FHA Mortgage Loan

With the benefits of easy access comes the drawbacks that you will have to pay a little more on your regular loan payments to make up for the MI.

Necessities to Qualify for an FHA Mortgage Loan

To ensure you meet the requirements for a Palm Coast FHA mortgage loan, you must be a legal citizen of the USA with gainful employment. In addition, as the FHA only accepts selected mortgage bankers for their loan insurance, you can not apply online for a Palm Coast FHA loan from every lender. Even after you locate the right loan from every lender, an FHA loan is only acceptable if the home you are requesting to buy has been authorized by the Federal Housing Administration.

Maximum Loan Amounts of a Palm Coast FHA Home Mortgage

The maximum limits of the mortgage loan amount vary from state to state and county to county, however, the general max loan limit is approximately $625,000.

How to Get a Palm Coast FHA Home Mortgage Loan?

If you would like to request a Palm Coast FHA home loan, contact us at the First Nationwide Lending, where we can provide you with more information regarding these home loans and clarify your query to speed up the process of buying your new home.

 

Contact Us

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1990 Main Street, Suite 750
Sarasota, FL 34236
Phone: (941) 256-3729
Toll Free: (877) 442-4023

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